This episode is a bit different than the norm because I am the one being interviewed! JP Moses with realestatemogul.com interviews me about apartment building investing and raising money.

I talk a bit about my journey, the struggles I’ve had and why many people dismiss apartment building investing as a wealth creating strategy for themselves. We discuss the myths and realities of getting started in apartment building investing and how to overcome the initial roadblocks.

Key Takeaways

[4:02] Success is riddled with mistakes and failures.

[6:02] You have to be willing to operate in an environment where you can’t control everything and be at peace with that.

[11:59] Key components that make a deal worth doing.

[13:24] Why there is less speculation in commercial real estate than in single family investing.

[13:56] Very few great deals are going to be in your backyard.

[14:10] The best way to find deals in through relationships with brokers.

Hey Michael, Just started listening to your podcasts, I’m really liking them. At about 23:00, you mention doing mock analyses as a mind shift exercise. Do you have any resources detailing what and how to do this exercise in the most beneficial way? I’m enjoying reading into the analysis process, however there doesn’t seem to be much out there about analyzing properties when they AREN’T under contract.

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